Internet Real Estate Lenders Home Mortgage Disclosure Act (hmda) Disclosures

Internet lenders loaning money for home real estate financing must comply with Regulation “C” and provide information on the potential borrower’s national origin, race, sex, income and other information to permit monitoring for discriminatory lending practices.

The following questions have been addressed in this article:

Who has to abide by Regulation “C”?
What types of loans apply?
Where and how does one record this information?

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